Riverwood Solutions Announces New Investment on the Back of Record Revenues & Record Profitability
25 August 2010 - 2:00PM
Marketwired
Riverwood Solutions, the innovator in managed supply chain services
and operations consulting, today announced that the company has
received an additional round of investment from private investors
including John Nichols, founder and former executive of
1-800-Contacts (formerly (NASDAQ: CTAC)). Additionally Riverwood
Solutions announced its 5th consecutive quarter of record revenue
and record profitability.
"Having started a business from scratch that involved a high
degree of supply chain complexity, I was intrigued when I learned
about Riverwood Solutions model and their ability to provide both
advisory services and execution support in the electronics supply
chain," said private investor and entrepreneur John Nichols. "The
fact that the company has put together an impressive string of
record quarters in an extremely weak global economy indicates that
customers are clearly embracing the company's offering."
John Nichols founded 1-800-Contacts in 1995 and was instrumental
in growing the company to $250M in sales before selling the company
in 2007 to an investment group led by Fenway Partners.
"We are extremely pleased to welcome Mr. Nichols as Riverwood's
newest shareholder and are both gratified and encouraged by his
recognition of the value of our service offerings to electronics
OEMs," commented Ron Keith, CEO of Riverwood Solutions. "I look
forward to John's council and guidance in the coming years as we
continue to grow Riverwood Solutions global presence and strong
customer base."
About Riverwood Solutions
Riverwood Solutions (www.rwsops.com) is an operations consulting
and managed services provider that helps OEMs design, implement and
manage cost-effective, highly responsive supply chains. Riverwood's
team of OEM and EMS (electronic manufacturing services) industry
veterans has negotiated billions in global supply agreements and
launched nearly 200 products in 20 countries for numerous brand
owning enterprises. The company's HOST(SM) (Hybrid Outsourced
Services Team) model provides clients at any stage of supply chain
maturity with skilled project management in the world's innovation
centers and in-country operations and supply chain expertise in the
world's leading manufacturing centers. Riverwood's unparalleled
experience, proven processes and unique model allow OEMs to
implement and manage more responsive supply chains at a lower total
cost with a long-term partner whose financial goals are aligned
with their own.
Headquartered in Menlo Park, Calif., Riverwood (www.rwsops.com)
has offices in Dallas Texas, Guadalajara, Mexico, Stockholm,
Sweden, and Shenzhen, China.
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Press Contact: Bill Booth Riverwood Solutions (408)
667-7043 Email Contact
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